Petroleum Act 1984

(1) For this Part, the acquisition of an interest in shares in a corporation holding a permit or licence includes:

(a) the allotment or issue of a share, not being the issue of a share to a member on registration of the corporation as a corporation; and

(b) the acquisition of the legal title in a share by purchase or transfer; and

(c) the redemption, surrender or cancellation of a share; and

(d) the variation, abrogation or alteration of a right pertaining to a share; and

(f) if shares are held subject to a discretionary trust – the addition of a beneficiary or class of beneficiaries to the existing beneficiaries under the trust; and

(g) if shares are held subject to a discretionary trust – a change in control of a corporate beneficiary under the trust and a change in control of the trust if both changes:

(ii) arise from (or substantially from) one transaction or one series of transactions; and

(2) Despite subsection (1), an acquisition of an interest in shares in a corporation holding a permit or licence does not include an acquisition:

(b) that is declared not to constitute an acquisition by the regulations.